Chinese yuan flexibility comments buoy markets

Thursday, June 24, 2010

Stock markets and Asian currencies have risen after weekend comments by China's central bank about its yuan policy.

US stocks climbed sharply in the morning but lost ground in late trading, while major European markets closed up about 1 percent.

Earlier, Hong Kong's Hang Seng index closed up 3.1 percent, while the Japanese Nikkei rose 2.4 percent.

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